8-K filed August 30, 2021, 7:59 PM ET ticker LNC CIK 0000059558

leadership confidence high sentiment neutral materiality 0.70

Lincoln National announces CEO succession: Ellen Cooper to succeed Dennis Glass after 2022 annual meeting

LINCOLN NATIONAL CORP

Dennis Glass will retire as president and CEO after the 2022 annual meeting and become board chairman.
Ellen Cooper, current EVP, CIO, head of Enterprise Risk and Annuity Solutions, will become president and CEO.
William Cunningham will assume the role of independent lead director upon Glass becoming chairman.
Cooper's annual base salary set at $1,125,000; eligible for 225% AIP and 575% LTIP target awards.
Board size increased from 13 to 14 directors effective as of the 2022 annual meeting.

item 5.02 item 5.03 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

William H. Cunningham

independent Lead Director

LNC · LINCOLN NATIONAL CORP

Filed: August 30, 2021, 7:59 PM ET

William H. Cunningham will relinquish the role of Chairman and assume the role of independent Lead Director, effective following the 2022 Annual Meeting.

Departed

William H. Cunningham

Chairman

LNC · LINCOLN NATIONAL CORP

Successor: Dennis R. Glass
Filed: August 30, 2021, 7:59 PM ET

William H. Cunningham will relinquish the role of Chairman and assume the role of independent Lead Director, effective following the 2022 Annual Meeting.

Appointed

Ellen G. Cooper

President and CEO

LNC · LINCOLN NATIONAL CORP

Filed: August 30, 2021, 7:59 PM ET

The Board determined that Ellen G. Cooper will become the president and CEO, effective following the 2022 Annual Meeting.

Appointed

Dennis R. Glass

Chairman

LNC · LINCOLN NATIONAL CORP

Filed: August 30, 2021, 7:59 PM ET

He will continue his service on the Board and assume the role of Chairman following the 2022 Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

William H. Cunningham was appointed as independent Lead Director at LINCOLN NATIONAL CORP.

Action: assume
Role: independent Lead Director

Exact text from the filing

William H. Cunningham will relinquish the role of Chairman and assume the role of independent Lead Director, effective following the 2022 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

William H. Cunningham departed as Chairman at LINCOLN NATIONAL CORP.

Action: relinquish
Role: Chairman

Exact text from the filing

William H. Cunningham will relinquish the role of Chairman and assume the role of independent Lead Director, effective following the 2022 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Ellen G. Cooper was appointed as President and CEO at LINCOLN NATIONAL CORP.

Action: become
Role: President and CEO

Exact text from the filing

The Board determined that Ellen G. Cooper will become the president and CEO, effective following the 2022 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Dennis R. Glass was appointed as Chairman at LINCOLN NATIONAL CORP.

Action: assume
Role: Chairman

Exact text from the filing

He will continue his service on the Board and assume the role of Chairman following the 2022 Annual Meeting.

View on SEC.gov

LINCOLN NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001564590-21-046380

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